Small Business Enterprise Introduction
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Added on 2019-12-17
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SMALL BUSINESS ENTERPRISE INTRODUCTION 3 TASK 1 3 1.1 3 1.2 4 TASK 2 6 2.1 6 2.2 7 2.3 8 TASK 3 10 3.1 10 3.2 11 3.3 11 TASK 4 13 4.1 13 4.2 13 4.3 14 CONCLUSION 17 REFERENCES 18 INTRODUCTION Small scale and cottage industries has higher enthusiasm to handle complex future uncertainties which will help an entity to transform the domestic level on a global level. TASK 1 1.1 Oakwood Heathrow is guest house which is cottage home style guest house located
Small Business Enterprise Introduction
Added on 2019-12-17
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SMALL BUSINESSENTERPRISE
Table of ContentsINTRODUCTION.......................................................................................................................................3TASK 1.......................................................................................................................................................31.1............................................................................................................................................................31.2............................................................................................................................................................4TASK 2.......................................................................................................................................................62.1............................................................................................................................................................62.2............................................................................................................................................................72.3............................................................................................................................................................8TASK 3.....................................................................................................................................................103.1..........................................................................................................................................................103.2..........................................................................................................................................................113.3..........................................................................................................................................................11TASK 4.....................................................................................................................................................134.1..........................................................................................................................................................134.2..........................................................................................................................................................134.3..........................................................................................................................................................14CONCLUSION.........................................................................................................................................17REFERENCES..........................................................................................................................................18
INTRODUCTIONSmall scale and cottage industries has higher enthusiasm to handle complex future uncertainties which will help an entity to transform the domestic level on a global level. The market share of an entity can increases their external share in the overall hospitality industry. This cottage type of industries will provide wide range of services as the establishment of this enterprise has started in initial costs. It is good source of employment level in the whole economy as combination of this form of entity is enthusiastic peoples who aspire to earn bigger share in the market. Generation of higher level of employment will certain sense of responsibilitywhich drives innovation and competition among various economic sectors. The government developed new schemes in order to provide financial support to this small based entity in order topromote their hidden talent. The financial support provided by the government with a clear motive to reduce the heavy imposition of taxation. It is help an individual to protect the interest of short enterprises which will bring higher change in the overall society. Oakwood Heathrow guest house has been selected in the present project report in order to signifies the importance of small based enterprise. This project is all about projecting strengths and weaknesses of this entityand also presenting the financial performance indicators of the business.TASK 11.1Oakwood Heathrow is guest house which is cottage home style guest house located in England which provides all kinds of accommodation services to its customers. The services provided hereat this place will be afford by all kinds of customers as services are designed as per their budget. It is easy to attract the interest of travelers who came here for any reasons as it is situated on 5 minute away from Heathrow airport (Zimmerer, Scarborough and Wilson, 2012). Famous touristattractions are near this place which facilitates their customers in terms of entertainment services as famous rugby stadium situated near this guest house. The prospective customers of this place in London is due to several reasons like person who visit for another country for business meetings, attending wedding or organizing destination wedding, education, pilgrimage centre’s, medical emergency. The primary objective of providing quality oriented services to all the customers according to their budget without compromising with the quality factor.Business ProfileLocationIt is located in the England near Heathrow airport which is located 3 miles away from United Kingdom.
Contact informationCompany website- www.bedandbreakfast.comStrengths
The basic strength of this entity is to provide luxurious accommodation services to all different set of customers in affordable ranges.The rooms are designed as per the budgets and income level of an individual.
The divisions of rooms are not in relation with the prices charged by them as the basic and standard room contains all kinds of basic amenities.Sightseeing services are provided by this guest house as a inclusive services in the price to be charged for accommodation services.It gives greater importance to the hygiene factors as customers of this place are agreed with the services as the blankets of the room are changed daily.WeaknessApart from providing best efficiency of services the short space to cater the needs of widenumber of customers under same roof will spoil the image of an entity.Less number of workers will not able to satisfy the needs and expectations of all kinds of customers at the same time.1.2Financial performanceProfitabilityOakwood Heathrow￡'000Apple house guest house￡'000YearPBTTaxationPATPBTTaxation2016408324518272015387.630.4326.425.620142552030624201320416224.417.6201210010153.012InterpretationsOakwood and apple house guest uses the given below taxation band rate which is dependent on their profit generated by them in a given particular years. The calculation tax rates of UK as boththe guest houses are located in UK.Taxable incomeTax rateUp to ￡110000%￡11001 To ￡4300020%
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